Drycleaners
Lake Orion, MI
This is an opportunity for a new owner to acquire a stable six-figure cash flow. Dry cleaning is entering a new equilibrium as smaller less profitable cleaners exit. Strong performers like Trella Cleaners will pick up customers left behind and have access to inexpensive equipment left behind from liquidations. Over decades, owner Raymond Trella has identified a wide range of services, some of which are outsourced at high margins. An established delivery and pickup route contributes over 20% of revenue and has great upside. Delivery truck included. When a Buyer can find a Seller who is accessible after the sale, remains local, flexible to be on call and committed to the Buyer’s success, there is tremendous value in the offer! Take advantage of this buying opportunity. This location has been serving the community for 30 years at the same location. There is an ACE Hardware and Kroeger's at this shopping center. 

This is a leased location of 1,700 square feet with a Total Rent of $2,965. The shopping center includes an ACE hardware and Kroeger's. Lease ends 12/2022. $98,967 in FF&E included in Asking Price. $13,195 made in Leasehold Improvements.

As dry cleaning businesses exit due to COVID and retirement, the industry is reaching a new equilibrium. Fewer dry cleaners are serving the current market and there are no new entrants. Stronger cleaners will gain market share from displaced customers. This business has shown solid 18 month stability and growth and put COVID in the rear view mirror. For additional information please contact listing agent Ken Lee at 248-218-2630.

Listing Number:

20048

Category:

Dry Cleaners/Laundromat

Location:

Lake Orion, MI

SOLD

Financial Information:

Gross Revenue:

$195,000

Listed Price:

$315,000

Total Adjusted Net Income:

$120,000
Equipment / Fixtures:
$98,967

Year Established:

1991

General Location:

Lake Orion, MI

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


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Drycleaners

Location: Lake Orion, MI

This is an opportunity for a new owner to acquire a stable six-figure cash flow. Dry cleaning is entering a new equilibrium as smaller less profitable cleaners exit. Strong performers like Trella Cleaners will pick up customers left behind and have access to inexpensive equipment left behind from liquidations. Over decades, owner Raymond Trella has identified a wide range of services, some of which are outsourced at high margins. An established delivery and pickup route contributes over 20% of revenue and has great upside. Delivery truck included. When a Buyer can find a Seller who is accessible after the sale, remains local, flexible to be on call and committed to the Buyer’s success, there is tremendous value in the offer! Take advantage of this buying opportunity. This location has been serving the community for 30 years at the same location. There is an ACE Hardware and Kroeger's at this shopping center. 

This is a leased location of 1,700 square feet with a Total Rent of $2,965. The shopping center includes an ACE hardware and Kroeger's. Lease ends 12/2022. $98,967 in FF&E included in Asking Price. $13,195 made in Leasehold Improvements.

As dry cleaning businesses exit due to COVID and retirement, the industry is reaching a new equilibrium. Fewer dry cleaners are serving the current market and there are no new entrants. Stronger cleaners will gain market share from displaced customers. This business has shown solid 18 month stability and growth and put COVID in the rear view mirror. For additional information please contact listing agent Ken Lee at 248-218-2630.

Listing Number:

20048

Category:

Dry Cleaners/Laundromat

Location:

Lake Orion, MI

Ciro 'Vic' Coppola

Office: (702) 368-2500   |  Cell: (725) 233-3333

License #: BS.0146004

Financial Information:

Gross Revenue

$195,000

Listed Price:

$220,000

Lease Information:

Square Feet:

1700

Total Rent:

$2,965

Lease Expiration:

12/2022

Lease Options:

N/A

Asset Information:

Leasehold Improvements:

$13,195

Equipment / Fixtures:

$98,967

Additional Information:

Full-Time Employees:

0

Part-Time Employees:

5

Training Period:

2 weeks

Reason for Selling:

Spouse is retiring, Owner is retiring, moving to vacation home, sons have college degrees pursuing other fields

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

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